Wilmington, Delaware, Nov. 03, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s recent industry analysis, the Global Automated Guided Vehicle Software Market value is estimated at US$ 2.2 billion in 2023 and is expected to rise at a strong CAGR of over 10.8% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
AGV software is the software that controls and manages automated guided vehicles (AGVs), which are mobile robots used in manufacturing, warehouses, distribution centers, and other industrial settings. Sensors, cameras, and other technology enable AGVs to navigate and function autonomously, without the need for human involvement.
Material handling activities are optimized by AGV software, which automates tasks such as picking, transporting, and delivering commodities within industrial facilities. AGV software improves operational efficiency and production by decreasing the need for manual labor and optimizing workflows.
- According to a deep-dive market assessment by RationalStat, the global Automated Guided Vehicle Software market has been analyzed on the basis of market segments, including type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Automated Guided Vehicle Software market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Automated Guided Vehicle Software market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Automated Guided Vehicle Software Market: Segmental and Market Share Analysis
- On the basis of application, the logistics and warehousing segment dominated the market in 2022 and accounted for a revenue share of over 40%.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 2.2 billion |
| Market Size Forecast | US$ 4.5 billion |
| Growth Rate | 10.8% |
| Dominant Segment | logistics and warehousing |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global automated guided vehicle software market include,
- In March 2021, Bastian Solutions, LLC introduced a Raymond courier vision-guided tow tractor truck to deliver automated solutions and optimise the warehouse. The tow tractor VGV has a payload capacity of up to 10,000 lbs, a top speed of 2.6 mph, and a route capacity of up to 1.5 miles.
Some of the prominent players and suppliers operating and contributing significantly to the global automated guided vehicle software market growth include Gotting, BA Systemes, Murata Machinery, Kollmorgen, Oceaneering International, JBT Corporation, Toyota Industries, KUKA, and KION Group, among others.
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RationalStat has segmented the global automated guided vehicle software market based on type, application and region
- Global Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- In-built Vehicle Software
- Integrated Software
- Global Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Automotive
- Manufacturing
- Food & Beverages
- Aerospace
- Healthcare
- Logistics & warehousing
- Retail
- Others
- Global Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Automated Guided Vehicle Software Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Automated Guided Vehicle Software Report:
- What will be the market value of the global Automated Guided Vehicle Software market by 2030?
- What is the market size of the global Automated Guided Vehicle Software market?
- What are the market drivers of the global Automated Guided Vehicle Software market?
- What are the key trends in the global Automated Guided Vehicle Software market?
- Which is the leading region in the global Automated Guided Vehicle Software market?
- What are the major companies operating in the global Automated Guided Vehicle Software market?
- What are the market shares by key segments in the global Automated Guided Vehicle Software market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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